We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom bungalow · PE22 7RW
Sold STCListed 122 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This three bedroom detached bungalow occupies of a sizeable plot of circa two acres (STS) to include generous gardens, orchard and pasture land.
With a generous floor plan to include kitchen with separate utility room, living room, sun room and conservatory the property benefits from a recent oil central heating boiler (2020) and uPVC windows throughout.
Despite requiring renovation and the orchard at this point being heavily overgrown, a plot and paddock of this size is something that rarely comes to the market.
Set in an edge of village location within walking distance of amenities to include shops and a takeaway and only short drive to the town of Coningsby, this property is brought to the market with no onward chain.
Front Of Property - Accessed via double wooden gates onto driveway with wide area of lawn to the front of the property with a range of mature shrubs plants and trees.
To the right of the property is an area of concrete hardstanding and a further wide area of concrete patio slabs forming the side patio and external lighting.
To the side of the property is an external Worcester combination boiler (2020) and heating oil tank.
Entrance Porch - Integral entrance porch with feature brick archway into raised entrance porch with quarry tile flooring to the front door.
Central Hallway - With central hallway accessed via a wooden stable door with single glazed obscure window feature pane into the hallway with radiator, loft access and quarry tile flooring.
Living Room - With central chimney breast wall with inset log burner with full width brick mantle, tiled hearth and corresponding dwarf storage to either side, radiator, window to the front of the property and floor boarding.
Kitchen - 'L'-shaped kitchen with a range of wall and base units, integrated cupboards either side of chimney breast wall, radiator, high level cupboard housing modern fuse box and electric meter, concrete flooring, internal wooden window to the sunroom and double glazed window to the driveway and two wooden internal stable doors to the sunroom and second kitchen/utility.
Second Kitchen / Utility - With range of base units, integrated ceramic hob, integrated eye-level oven and grill with cooker socket, sink with mixer tap and draining board, space and plumbing for several under counter appliances, extractor fan, radiator, concrete flooring, and window with aspects over the patio.
Pantry / Store Room - With wall units and shelving, radiator and concrete flooring and wooden single glazed window with obscure glazing.
Sun Room - Dual aspect room with large windows to two sides, radiator and concrete flooring.
Conservatory - Of dwarf brick wall and uPVC construction with polycarbonate style roof, radiator, French doors to one end and pedestrian door to the other, concrete flooring with partial vinyl covering, Wc - With WC, hand wash basin with tiled splashback, concrete flooring and window.
Bedroom One - With radiator, full wall of fitted storage cupboards, some with mirrored frontag, radiator, window to the front of the property and wooden floorboarding.
Bathroom - With corner shower cubicle with tiled surround and glazed shower enclosure, WC, wash basin with individual taps, partially tiled walls, radiator, extractor fan, wall mounted heater, quarry tiled flooring with partial vinyl covering.
Bedroom Two - With radiator, window to the side of the property and floorboarding. Bedroom Three - With radiator, floorboarding and window to the rear of the property with aspects over the patio.
Garage & Store - Block-built garage on a raised concrete base with wooden double doors, power and lighting.
There is an additional store to the right of the main garage and two dilapidated dog kennels of wooden construction.
Garden & Orchard - To the rear of the property is an area of lawn, coloured concrete paving slab patio with dwarf brick walling, external lighting and concrete pathway leading to the side of the property.
further to the rear of the property leads to an orchard of fruit trees which is currently disguised by heavy bramble growth. This area opens out to an area of open pasture.
Pasture / Grazing Land - The area to the rear of the orchard opens out to open pasture with boundaries of mature trees and bushes.
The entire plot including the property extends to circa 2 acres in total. Planning Appraisal - A planning consultation was commissioned in 2024 in respect of the site.
This appraisal is held at our offices and can be provided on request but at the time reflected a likely negative outcome for residential development.
Tenure & Possession - The property is Freehold with vacant possession upon completion. Services - We understand that mains electricity and water are connected to the property.
Heating is via an oil-fired central heating system. Drainage is understood to be to an older style private system.
Local Authority - Council Tax Band 'C' payable to Local Authority: East Lindsey District Council, The Hub, Mareham Road, Horncastle, Lincs, LN9 6PH. Tel: .
Energy Performance Certificate - The property has an energy rating of 'E'.
The full report is available from the agents or by visiting Reference Number: 0360-2445-3660-2596-7301 Viewing - Alford - Viewing is strictly by appointment with the Alford office at the address shown below.
The Agent reserves the right to offer blocking viewings by appointment on the property.
Directions - From the main A155 between Coningsby and Spilsby, the property can be found to the western edge of the village of Mareham-le-Fen, just before entering the main village.
What3words///will.chaos.stance
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Main Street, Mareham-Le-Fen, Boston
Explore nearby